WASHINGTON, United States — The US debt has crossed $40 trillion for the first time, underscoring the growing pressure on Washington’s finances as rising interest costs, expanding social-safety-net spending and tax policy continue to widen the gap between federal revenues and expenditures.
टैग: US Economy
Donald Trump Presses Fed for Lower Rates, Says US Should Pay Less
WASHINGTON, United States — President Donald Trump has renewed his criticism of the Federal Reserve’s interest-rate policy, arguing that the United States should be paying substantially lower borrowing costs despite solid economic data. Trump said Federal Reserve Chair Kevin Warsh was doing a “great job” but questioned the policy positions of other members of the central bank’s board.
US Treasury Doubles Long-Dated Debt Buybacks
WASHINGTON, United States — The US Treasury buybacks program will expand sharply for longer-dated government debt, with the department announcing on Wednesday that selected operations will be doubled to at least $4 billion as officials respond to pressure in the Treasury market.
Donald Trump Pauses New Canadian Tariffs for Three Days as Talks Continue
WASHINGTON, United States — US President Donald Trump has announced a three-day pause on new 50% tariffs on Canadian imports, saying Washington and Ottawa have reached a deal subject to final documentation, while Canadian Prime Minister Mark Carney said substantial progress had been made but important work remained.
Donald Trump Approval Falls to 33%, Lowest of His Presidency
WASHINGTON, United States — President Donald Trump’s approval rating has fallen to 33%, its lowest point of his current presidency, as concerns grow among Americans over the duration of the US conflict with Iran and the impact of higher gasoline prices, according to the latest Reuters/Ipsos poll.
Trump Administration to Invest $3 Billion in US Minerals
WASHINGTON, United States — The Trump administration plans to invest $3 billion in critical minerals and battery projects as it seeks to expand domestic production, strengthen defense supply chains and reduce U.S. dependence on foreign sources, particularly China, President Donald Trump said on Friday.